Latest Hurricane Headlines
All the headlines from our Hurricane Topic Page, ordered by recency.
Mass. Denies Hike in FAIR Plan Home Insurance Rates
May 8 2008 // Massachusetts insurance officials have blocked a 13.2 percent statewide rate hike by the state’s residual market home insurer. The decision by Insurance Commissioner Nonnie S. Burnes also kills a 25 percent increase...
Insurers not Impressed with Florida’s Revamped Insurance Package
May 5 2008 // While many Florida lawmakers claim to be opposed to gambling, they don’t mind taking a chance on Mother Nature. They rolled the dice again on May 1, signing off on a new insurance bill that does little to alleviate...
Judge: Corps of Engineers Can Be Sued for Katrina Flooding
May 5 2008 // The Army Corps of Engineers can be held liable for flood damage caused by a “hurricane highway,” a navigation channel that is believed to have funneled Hurricane Katrina’s storm surge into the city, a...
Hurricane Season Looming, Mississippi Commissioner Says Be Prepared
May 2 2008 // With the 2008 hurricane season less than a month away, Mississippi Commissioner of Insurance Mike Chaney encourages all coastal residents to protect their lives and property by making preparations now. One of the first...
Coast Strongly Influences Louisiana, Texas Property Markets
May 1 2008 // Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the form of tropical storms and hurricanes. The latter greatly influences the rates...
AIR Releases Mexico Storm Model
Apr 28 2008 // Boston-based AIR Worldwide announced the availability of its tropical cyclone model for Mexico. “The new probabilistic model will help the industry better manage hurricane and tropical cyclone risk in the growing...
Mississippi Attorney Wants Hurricane Katrina Litigator Sanctioned
Apr 25 2008 // An attorney wants sanctions against Mississippi tort lawyer Richard “Dickie” Scruggs over alleged misconduct in a legal battle over millions of dollars in attorneys fees. Investigators have been looking into...
Corps Plans to Complete South La. Levee System Upgrade in 2011
Apr 22 2008 // The Corps of Engineers told Louisiana Commissioner of Insurance Jim Donelon, staff from the Governor’s Office of Coastal Activities and insurance company representatives that upgrades to the Hurricane Protection...
Recession? In South Central States It Depends On Location
Apr 22 2008 // With some notable exceptions – southern Louisiana for one – the economies of the South Central states seem to be holding steady against the looming prospect of a nationwide recession. Populations are growing in...
Coast Has Big Influence on Louisiana and Texas Property Markets
Apr 21 2008 // After two mild catastrophe years, states hope to share better coverage options Louisiana and Texas share a lot. Besides sharing a common border, they share the Gulf of Mexico — both its bounty and its battering, in the...
La. Supreme Court: Flood Exclusion in Insurance Policy is Not Ambiguous
Apr 21 2008 // Finding the flood exclusion in an insurance policy sold by Lafayette Insurance Company to a New Orleans policyholder is unambiguous, the Louisiana Supreme Court reversed, in part, a previous ruling by a state appeals court...
Declarations
Apr 21 2008 // P/C Consolidation “The logic of consolidation within the property and casualty industry, particularly in North America, may be gaining favor as the economy slows and as rates soften. However, our research suggests...
Lloyd’s Braces for U.S. Hurricanes
Apr 17 2008 // Lloyd’s insurers with exposures on the US East Coast have been told to brace themselves for an above average storm season, with as many as eight hurricanes tearing through the Atlantic. In an article on its web site...
Hurricane Forecasters Issue April Update for 2008 Season
Apr 10 2008 // A “well above-average” Atlantic hurricane season with eight hurricanes and 15 named storms entering the basin is predicted for 2008, according to forecasters at Colorado State University’s Department of...
European Insurance Forum Examines Industry Changes
Apr 9 2008 // The 10th edition of the European Insurance Forum wrapped up proceedings on Tuesday night. The two-day conference, held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management...
Storm Damage Mitigation May Lead to Discounts for La. Homeowners
Apr 8 2008 // Insurance premium discounts are available in 2008 to homeowners in Louisiana who build or retrofit a structure to comply with the requirements of the State Uniform Construction Code, install damage mitigation improvements,...
Recession? In South Central States it Depends Upon Where You Are
Apr 7 2008 // With some notable exceptions — southern Louisiana for one — the economies of the South Central states seem to be holding steady against the looming prospect of a nationwide recession. Populations are growing in...
Hurricane Law Group Alleges Florida Withheld Consumers’ Mediation Options
Apr 3 2008 // The Florida-based Hurricane Law Group announced today that it has filed a lawsuit in the Circuit Court of the Second Judicial Circuit in Leon County against CFO Alex Sink, Insurance Commissioner Kevin McCarty, the...
Actuaries Identify Hurricanes as Top Insurance Risk for 2008
Apr 2 2008 // Hurricanes pose the greatest act of nature risk to the U.S. insurance industry for 2008, according to EMB, an actuarial consulting firm. With the hurricane season on the horizon, insurers must prepare for this heightened...
